Lenders clear sale of RCom Delhi, Chennai real estate assets for Rs 801 cr

RCom, which is reeling under Rs 45,000 cr debt, is under a standstill period till Dec 2018

Lenders of debt ridden Reliance Communications have approved the sale of its real estate assets in Delhi and Chennai to Canada-based asset management firm Brookfield, said a source.

"Lenders have approved sale of real estate asset RCom holds in Delhi and Chennai for Rs 801 crore to Brookfield," a source privy to the development told news agency Press Trust of India on condition of anonymity.

When contacted RCom declined to comment on the development, while email query sent to Brookfield elicited no immediate reply.

The proceeds will be used for retiring debts, the source said.

As per of its asset